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Agreement in principle

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In law, An agreement in principle is a stepping stone to a contract. Such agreements with regards to the principle are usually considered fair and equitable. Even if all details are not known, and agreement in principle may outline a percentage of royalty for example.[1]

References

  1. ^ Schatzki, Michael (1999). "Agreement in Principle". Pertinent Information. Retrieved 2008-09-27.

Agreement In Principle Reached For Tri-State Water Allocation

EPA